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. the brown and the gray. what are the differences between them and how are they clashing now that we get closer and closer to the fiscal cliff? >> the brown and the gray is a phrase i've been using for the last few years to describe the two giant generations that will shape american life in the coming decades. the brown is the millennial, the most diverse in american history. over 40% nonwhite. the gray is the aging baby boom which is joining the silent generation in a huge senior cohort that is 80% white. and they have very different political inclinations, preferences and different interests at stake in the fiscal cliff and budget negotiations. on the one hand, taxes verse spending and so does the kind of spending. discretionary spending mostly investments in the future. entitlement spending mostly income security for the older generation. >> so who benefits if we do cross the fiscal cliff? >> i think there is no question that getting the debt and deficit under control is in the interests of younger generations so they are not saddled with debt solely for our current consumption. but h
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